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Nylonkong, a contraction of New York–London–Hong Kong, is a
Nylonkong, a contraction of New York–London–Hong Kong, is a neologism
In linguistics, a neologism (; also known as a coinage) is any newly formed word, term, or phrase that has achieved popular or institutional recognition and is becoming accepted into mainstream language. Most definitively, a word can be considered ...
coined to link New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
, London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
, and Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
as the ecumenopolis of the Americas
The Americas, sometimes collectively called America, are a landmass comprising the totality of North America and South America.''Webster's New World College Dictionary'', 2010 by Wiley Publishing, Inc., Cleveland, Ohio. When viewed as a sing ...
, Euro-Africa, and Asia-Pacific that first appeared in the magazine ''Time
Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
'' in 2008. The article suggests that the cities share similarities, especially in being globalised financial and cultural centres, and are the most remarkable cities in the 21st century.
History
Nylonkong, from ''NY'' (New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
), ''Lon'' (London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
), and ''Kong'' (Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
) first appeared in ''Time
Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
'' article ''A Tale of Three Cities'' in 2008.
According to ''Time'', these cities share similarities in cultural and economic establishments. They are influential in cultural industries, including art auctions, movies, and pop songs. In addition, the cities are top international financial centre
A financial centre (financial center in American English) or financial hub is a location with a significant concentration of commerce in financial services.
The commercial activity that takes place in a financial centre may include banking, ...
s located in different time zones. ''Time'' further described the cities as the three most remarkable international cities in the 21st century, and one could better understand the world through understanding Nylonkong. Financial Development Index ranks Hong Kong, USA, and UK as the first to third places of the table, accordingly.
Influence
An extended range of responses was observed in media and academia after the term was coined, such as in the Mingpao Daily. The term was first quoted in academia by Yin Pak Andrew Lau in the Liberal Studies Youth Summit on Basic Law, and Sing Tao Daily suggested that the term is a profound sign of globalization. The influence is substantial and long-lasting, and has imposed a constant check on the achievement of the three financial hubs. In 2016, Lam Hang-chi, an economist, for example, suggested that Nylonkong would fade out if the financial hubs were not constantly competitive. In late 2016, Tai Kung Pao suggested that Hong Kong should not compare itself with New York and London, as the Asian financial center is politically and socially autonomous when compared to the other two, which were only cities; the passage further argues that the autonomous entity of Hong Kong requires more diversified economic development like other Four Asian Tigers economies.See also
* Multipolar world * Global capitalism * NyLon (concept)References
{{Reflist Time (magazine) − Culture of New York City Culture in London Culture of Hong Kong 2008 neologisms